Month: May 2021

Crypto traders are drawn to the market by its bombastic growth and lucrative opportunities to make a profit. However, not every investor is seeking volatility or using degenerate leverage levels to gamble at derivatives exchanges.  In fact, stablecoins usually comprise half of the total value locked (TVL) on most decentralized finance (DeFi) applications that focus
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In a landscape of so-called scaling solutions primarily composed of sidechains and EMV-enabled competitors, one widely anticipated “rollup” layer 2 sidechain for Ethereum has finally arrived.  Offchain Labs announced the launch of Abritrum One with a blog post late last night. Arbitrum One is currently live on Ethereum in a beta state, though teams that
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Last month, Bitcoin (BTC) reached above $60,000, highlighting the current frenzy around digital currencies. Following BTC, altcoins also saw substantial increases in value. All of this is music to the ears of long-term and short-term bull investors seeking increased gains, even with the current pullback and support of Bitcoin hovering around $40,000.  However, despite all
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At a conference yesterday, Ethereum co-founder and unofficial figurehead Vitalik Buterin argued that Ethereum’s upcoming transition to a proof-of-stake consensus mechanism is a “solution” to the blockchain’s rampant energy consumption that has been incensing critics as of late. In an interview at the StartmeupHK virtual conference hosted from Hong Kong, Buterin said that while proof
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Bitcoin may not mean an end to traditional currency and banking, according to Peter Van Valkenburgh, research director at Coin Center.  “I think there’s folks in the Bitcoin community who probably make too many noises about how Bitcoin is going to dominate all economic systems and nobody will be using dollars anymore, and nobody will
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Bitcoin’s (BTC) quick run-up above $40,000 during the early New York trading session Thursday lost momentum midway as traders decided to secure short-term profits. The benchmark cryptocurrency shed up to 12.08% after topping out at $40,440 on Coinbase. It reached an intraday low of $36,410 ahead of the London opening bell on Friday, showcasing upside
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